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Energy price rise warning piles even more pressure on struggling UK public

Energy bills will hit £4,266 for a typical household by January 2023 – piling even more pressure on the beleaguered UK public. That warning comes from consultancy firm Cornwall Insight. They say their higher estimate means that the average household are faced with paying a staggering £355 a month, instead of £164 a month currently. […]

Lifetime’s 2022 Employee Survey raises some important issues

An employer cannot truly support their employees if they don’t know what help they really need. It is so important to listen to your employees. You listen to understand. That’s where Lifetime’s financial wellbeing service can help. It can bring clarity, education, focus and awareness. Oh, and positive action! Lifetime’s employee survey is a tremendous tool that can […]

Biggest interest rate hike in 27 years as Bank of England warns of impending recession

After making the biggest hike to interest rates in 27 years, the Bank of England (BOE) has warned the UK is heading for a recession. Interest rates rose, for the sixth time in a row, to 1.75%, with inflation now set to hit over 13%. It is now being forecast that the UK economy will […]

Employees acknowledge need to start planning for retirement – Lifetime survey

There are thousands of employees across the UK who readily admit that they ‘really need to start planning for retirement’. Yet a lot of those workers don’t know how to begin that sort of in-depth planning – or who to turn to for help, guidance and advice. That’s why it is vital that employers play […]

Thousands of employees admit they ‘need to start planning for retirement’

There are thousands of employees across the UK who readily admit that they ‘really need to start planning for retirement’. Yet a lot of those workers don’t know how to begin that sort of in-depth planning – or who to turn to for help, guidance and advice. That’s why it is vital that employers play […]

Zooming in and out certainly gives a sense of perspective!

Before I became a financial planner with Lifetime, writes James Fisher, I spent a year training to become secondary school science teacher.  While that turned out not to be the career for me, I certainly learnt a lot that I use to the current day. One of the things you soon find out as a […]

What Lifetime can bring

Lifetime’s digital service delivers an enhanced level of financial planning – allowing you to fully understand your finances and make informed money choices. As passionate providers of this innovative financial wellbeing programme we promise to: Listen to your concerns, hopes and ambitions Explain the financial facts using simple language, not jargon Show you how to […]

Cost of raising a child to the age of 18 is nearing £200,000 mark

The cost of raising a child to the age of 18 is heading towards the £200,000 mark. That’s according to the latest research from the Child Poverty Action Group. Since 2012 their annual cost of a child report looks at how much it costs families to provide a minimum socially acceptable standard of living for […]

‘More and more first time buyers are being gifted deposits from family’

More and more first time buyers are turning to the ‘Bank of Mum and Dad’ – or even the so-called ‘Family Bank’ – to obtain the deposits they need to get on the property ladder. That’s the view of Lifetime mortgage adviser Scott Kershaw (pictured). Scott says: “I’m finding that more and more first time […]

The desire to improve financial health is there but are employees being hampered by cost of living crisis?

Many people want to improve their financial health in 2022. A survey, carried out on behalf of abrdn investment company and taking in 2,000 UK adults, revealed that more than half (55%) were determined to get to grips with money matters so they would be in a better position. Yet those people – indeed, all of […]